Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming years, its energy minister told Reuters on Monday, as it seeks to ease a crippling foreign-exchange crisis. A shortage of natural gas, which accounts for over a third of the country’s power output, plunged large areas into hours of darkness last year.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Forex reserves decline by millions

Due to external debt rebates, forex reserves of SBP have declined by…

Pakistan to sign memorandum with EDB of Bahrain

In the second session of the Pakistan-Bahrain Joint Ministerial Commission, the board…

Saudi Arabia extends term for $3bn deposit to Pakistan

The State Bank of Pakistan (SBP) announced on Wednesday that Saudi Arabia…

Pakistan’s foreign reserves stand at US$13,097.8m: SBP

The foreign exchange reserves held by the State Bank of Pakistan (SBP)…